Total monthly cost of ownership
Cost to Own a Home in Salida, Colorado
A $583,000 home here costs
$3,988per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,997. The real number is $991 higher every month — 33% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Salida against Chaffee County and Colorado
| Measure | Salida | Chaffee County |
|---|---|---|
| Median home value | $583,400 | $598,500 |
| Median property tax | $1,470 | $1,664 |
| Effective tax rate | 0.252% | 0.278% |
| Median gross rent | $1,567 | $1,514 |
| Population | 5,786 | 19,876 |
The weather behind that power bill
Salida sits in Chaffee County, which averages a high of 83.2°F in its hottest month and a low of 11.1°F in its coldest, with 9.93" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 130 cooling and 7,521 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Chaffee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chaffee County
Full Chaffee County cost breakdown · Every county in Colorado
Common questions
How much does it cost to own a home in Salida?
A $583,000 home in Salida, Colorado costs approximately $3,988 per month with 20% down at 6.66%. That is $2,997 principal and interest, $122 property tax, $169 homeowners insurance, $213 utilities and $486 set aside for maintenance.
What is the property tax rate in Salida?
Salida has an effective property tax rate of 0.252%, based on a median home value of $583,400 and median real estate taxes of $1,470. That is lower than the Chaffee County average of 0.278%.
What is the average home price in Salida?
The median owner-occupied home value in Salida, Colorado is $583,400, against $598,500 across Chaffee County.
Is it cheaper to rent or buy in Salida?
Median gross rent in Salida is $1,567 a month, against $3,988 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Salida — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Colorado.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.